There are very few retail investors in this stock. That said there are very few margin-owned shares. The primary capitulation has occurred. Very little downside left.
I'm not feeling any love on the upside either but patience will pay off for us trashed longs...
how can you announce a 12 cent loss when you set expectations for a 23 cent gain? this is outrageous and wall street despises shite like this. institutions will take them down to $8 by friday. imho
As much as I believe that STEC has a good product and even better products currently under the qualifying process, STEC's mgt. has lost alot of credibility with shareholders and analyst. I would expect the stock to trade within a close range of today's closing price. Forward guidance is so low that it will be easy to beat, and this is STEC mgt. history, plus one confirmed big order and the stock price propels up fast and everyone knows that, so right now, imo, the share price is very attractive and any further drop will be met with alot of buying interest. Look at the volume today, 36 million shares traded, pretty much sets a trading range, at least in the short term.